Asian stocks rose on Tuesday, taking cues from the Wall Street, as the prospect of narrower-than-feared US tariffs boosted risk appetite, while the dollar hovered near three-week highs after upbeat economic data provided some comfort.

US stocks surged on Monday, led by technology shares on reports of President Donald Trump's administration likely to exclude a set of sector-specific tariffs that are on track to be imposed in April.

Here's a table showing how US stocks performed on Monday:

Source: Equitymaster

At present, the BSE Sensex is trading 472 points higher and NSE Nifty is trading 124 points higher.

Infosys, TCS, and HCL Tech are among the top gainers today.

Bajaj Auto, Hindalco, and IndusInd Bank on the other hand are among the top losers today.

The BSE Midcap index is trading 0.2% higher and the BSE Smallcap index is trading 0.3% lower.

Sectoral indices are trading mixed today with stocks in capital goods sector, and IT sector witnessing buying. Meanwhile stocks in metal sector and oil & gas sector witnessing selling pressure.

The rupee is trading at Rs 85.7 against the US dollar.
 

HCLTech Wins Big Western Union Deal

HCLTech and Western Union have formed a strategic partnership to revolutionize financial services through AI, cloud, and digital engineering solutions.

As Western Union's largest preferred partner, HCLTech will drive platform modernization, AI-driven efficiencies, and expanded technology capabilities. The collaboration supports Western Union's transition to a platform-centric model, leveraging HCLTech's AI-powered solutions, FENIXAI and AI Force, to enhance scalability and resilience.

Additionally, HCLTech will lead full-stack digital engineering transformation, strengthening data-driven decision-making and infrastructure security. A key aspect of the deal is Western Union's expansion in India, with a new advanced technology center in Hyderabad, aimed at bolstering global technology capabilities and driving innovation.

EaseMyTrip Forays into Charter Aviation

Online travel platform EaseMyTrip has ventured into the charter aviation space after securing in-principle Board approval to acquire a 49% stake in Big Charter Pvt Ltd.

India's charter aviation industry, currently valued at approximately US$ 650.5 million, is expected to grow to US$ 1.14 bn by 2033, driven by rising demand for regional connectivity, corporate travel, and private flying. Globally, the sector is projected to surpass US$ 33 bn by 2033.

EaseMyTrip plans to integrate its technology into Big Charter's operations, streamlining charter bookings and pricing.

This move aligns with the company's broader vision to democratize travel, particularly in Tier-2 and Tier-3 cities, where Big Charter has a strong foothold.

Big Charter has established itself as a leader in regional connectivity and NSOP operations.

In FY 2023-24, the company generated Rs 1.3 bn (approximately $15.5 million) in revenue, with significant growth potential as demand for charter services continues to rise.
 

Why Britannia Share Price is Falling

Shares of Britannia Industries dipped 1% to Rs 4,754 on 25 March following the company's disclosure of a partial disruption at its Jhagadia manufacturing facility in Gujarat. The disruption is due to a worker strike that began on 24 March, with Britannia actively engaging in discussions to reach an amicable resolution.

Over the past six months, the stock has fallen over 22%, significantly underperforming the Nifty 50, which has declined by 9% during the same period.

Britannia is currently evaluating the impact of the strike while utilizing its resources to minimize supply chain disruptions. The company has assured stakeholders that it will provide updates to stock exchanges as and when material developments occur.

Brigade Enterprises Acquires Land in Bengaluru

Brigade Enterprises Ltd announced on March 24 that it has acquired a 4.4-acre land parcel in Whitefield, east Bengaluru, to develop a premium residential project spanning 0.6 million square feet.

With an estimated gross development value (GDV) of Rs 950 crore, the project will feature high-end specifications, state-of-the-art amenities, and a mix of spacious apartments designed for modern urban living.

Pavitra Shankar, Managing Director of Brigade Enterprises, stated, "This project will not only expand our portfolio but also deliver an exceptional living experience. Strategically, this land aligns with our vision for premium residential development."

Located in Whitefield, the project is set to benefit from the area's strong connectivity and well-developed social infrastructure.

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